Kexim back again with a $1.25 billion 10-year bond

Against a more stable backdrop, Kexim reawakens the market with a 10-year issue that attracts $3.5 billion of demand. Korea Housing Finance Corporation and NACF are expected to follow.

Maintaining its reputation as one of Asia's most regular issuers, Export-Import Bank of Korea Kexim returned to the US dollar market for the second time this year on Monday with a $1.25 billion 10-year deal.

According to market sources, the lead managers monitored the markets last Friday, waiting for a clear window in which to execute the deal. Given the more stable backdrop and more bullish sentiment on Monday, Kexim decided to launch through that window and the deal was...

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